The National Company Law Tribunal (NCLT) on Monday dismissed Cyrus Mistry's plea for his illegal removal as Tata Sons' chairman. The Mumbai Bench of the NCLT ruled in favour of Tata Sons saying the board of directors are competent to remove executive directors. The tribunal did not find any merit in legacy issues raised by Mr Mistry against Tata Sons. According to a report by news agency Press trust of India (PTI), NCLT ruled that Mr Mistry was removed because Tata Sons Board and its members lost confidence in him.
